PYM pryme energy limited

strong gas shows and set production casing, page-6

  1. 222 Posts.
    JD... " The Henry Hub spot price averaged $7.31 per mcf in November, $0.37 per mcf more than the average October spot price. Despite high storage levels and the relatively moderate winter weather thus far, the onset of seasonal natural gas demand for space heating has caused a steady increase in the monthly average spot price since September. Spot prices at the Henry Hub are projected to reach a winter peak of $8.22 per mcf in January 2008. On an annual basis, the Henry Hub spot price is expected to average about $7.21 per mcf in 2007 and $7.78 per mcf in 2008 (Natural Gas Prices)."

    From Energy Information Administration US Govt stats website www.eia.doe.gov/emeu/steo/pub/contents.html

    therefore Potential Turner Bayou cash flow
    400 mcf per day x $7.78 X 365 days X 30 wells X 52 %interest = US$ 17.7 million revenue per annum to PYM upon completion!
 
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